Juan José Echavarría on Colombia’s path to sounder monetary and economic policy

L to R: Central Banking’s Victor Mendez-Barreira with Juan José Echavarría
L to R: Central Banking’s Victor Mendez-Barreira with Juan José Echavarría
Will Towning

You became governor in December 2016, when Colombia was experiencing lower growth, above-target inflation, low oil prices and a growing current account deficit – the most challenging economic climate since the financial crisis.1 What are you recollections of that period?

The situation has improved, but the previous board did a lot of the work. It was a difficult economic adjustment. We had a huge trade shock – much larger than any other Latin American country such as Peru, Brazil or Mexico. The

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